Business
Shoal Games' Name Change to ''Kidoz Inc.'' and New ''KIDZ'' Trading Symbol Approved
Direct Registration System (DRS) Adopted for the Company's Common Shares ANGUILLA, BWI /...
About this update from Kidoz Inc
[{"type":"text","content":"Shoal Games' Name Change to ''Kidoz Inc.'' and New ''KIDZ'' Trading Symbol ApprovedDirect Registration System (DRS) Adopted for the Company's Common SharesANGUILLA, BWI / ACCESSWIRE / April 4, 2019 / Shoal Games Ltd. (TSXV: SGW) (the \"Company\"), kid-tech software developer, owner of the Rooplay edu-games platform (www.rooplay.com), the KIDOZ content discovery network (www.kidoz.net) and the KIDOZ safe operating system, and publisher of the Rooplay Originals games library, announced today that it has received approval from the TSX Venture Exchange (the \"Exchange\") to change its name to \"Kidoz Inc.\" and to have its shares trade under the new symbol TSXV:KIDZ. The common shares of the Company will begin trading on the Exchange under the new name and symbol at market open on Tuesday, April 9, 2019. In connection with the name change, the Company is adopting a new logo that features the KIDOZ name and is launching an updated website at www.kidoz.net.\"The KIDOZ name perfectly reflects the strategic focus, target market and operations of our business,\" stated Jason Williams, Co-CEO. \"In addition to the strategic alignment that we gain from the change, the KIDOZ name carries significant brand equity in the market – many top-tier brands know and trust the name, as they are active buyers on our KIDOZ network. Our strategy is to merge the global distribution capabilities of the KIDOZ network and our KIDOZ operating system with the premium content strategy we employ for our Rooplay games library and platform. We will continue, over the coming months, to expand and advance our Rooplay presence by adding more content types, an innovative progression system, players rewards, and much more. We have the team, products and capabilities to create a big success with Kidoz Inc. and are focused on delivering that success to our shareholders.\" The Company has also chosen to adopt the Direct Registration System (\"DRS\") for its common shares. DRS is an electronic name-on-register option that allows investors to hold securities in their name in book-based form, with ownership evidenced by a DRS Advice/Statement, providing an efficient alternative to having ownership evidenced by certificates. The bylaws of the Company have been amended to allow for shares to be issued and held in either certificated or uncertificated form.No action is ...